from the white house oval office, this runs about one hour. pres. trump: we have the prime minister on the phone. the hook up, it

i want to begin by saying that this is a very special day. it's victory day, world war ii, may and just by happenstance we hav the prime minister on the phone and we were great allies in tha and it's very unusual that the trade deal comes through and we signed it up on the same day we had a great victory, the greatest victory of them all. so we are talking more and mor about victory day. because we were a big part of it. and so was the u.k. and it's just -- i guess, i don't know what you call it. it's just incredible that that day is the same day we signed a tremendous trade deal for both countries. so i'm going to begin by just adding that we just concluded the rare earth deal with ukraine. that's been fully ratified and approved by

their legislative branches and so we appreciate that. i'll be speaking with the president in a little while. a little bit late we appreciate that. but the deal is all now signed up and ratifi and we have access to a massive amount of very, very high quality rare earth. this morning, i'm thrilled to announce that we have reached a breakthrough trade deal with th united kingdom. incredible coun today is a victory day for worl war ii and we won the war toget exactly 80 years ago. so there could be no more perfect morning to reach this historic agreemen and it's beautiful weather out. i will tell you that, keir, beautiful weather, perfect outs but it's really in particular the agreement with one of our closest and most cherished alli and we're so happy that that's the way it worked out. i want to

thank prime minister starmer and his talented team for their outstanding work and partnershi today's agreement with the u.k. is the first in a series of agreements on trade that my administration has been negotiating over the past four with this deal, the u.k. joins the united states in affirming that reciprocity and fairness i an essential and vital principl of international trade. the deal includes billions of dollars of increased market access for american exports. especially in dramatically increasing access for american beef, ethanol, and virtually all of the products produced by our great farmers and our secretary, as you know, of agriculture is here. brooke, thank you very much. >> thank you, sir. pres. trump: you'll let the farmers know. in addition, the u.k. will reduce or eliminate numerous

nontariff barriers that unfairly went against american products. this is turning out, it can be great deal for both countries. because it will be really great for the u.k. also. they're opening up their country. their country was a little closed. we appreciate that. they'll also be fast tracking american goods through their customs process or exports go to a very, very quick form of approval and there won't be any red tape. things will move quickly both ways. the final details are bein written up in the coming weeks. we'll have it all very conclusive, the actual deal is very conclusive one. we think just about everything has been so good for both countries. we'll also receive new marke access for american chemicals, machinery, and many other industrial products that weren' allowed and they'll end up getting products that they'll b able to price and if they like them better and we make great products they'll be buying thos but they were not available in

the u.k. furthermore, in a historic step, the deal includes plans that will bring the unite into the economic security alignment with the united state that's the first of its kind. so we have a big economic security blanket and it's very important and we feel very, very comfortable with that because it's been a great ally, truly one of our great allies. a lot of people say our greatest ally i don't want to insult people b saying that. but i can say it's certainly one of our greatest. right at the top. they're the first one we're talking about. by the way, we have many meetings planned today and tomorrow and every country want to be making deals. and we have a meeting as you know, scott will be going over to switzerland and saturday, that'll be very, very interesti find out. i think they want to make a deal very badly too. both countries have agreed that the economic security is national s we'll be working together as allies to ensure we have a

strong industrial base, appropriate export controls and protections for key technologie and industries like steel. steel is a big factor. both countries will become strong we are steel and things necessary for military. we used to build ships and other things, literally at a level nobody has ever seen. and we haven't -- we've eased up. the u.k. eased up. now we're going to be uneasing both as we work together. once again i want to thank prime minister starmer, he's been terrific for his partnership in this matter. the special relationship and external bond, it's an external and internal bond between ou two collins soon be stronger than ever before. we really do, we have a great relationship. i want to say that the representatives of u.k. have been so professional. and it's been an honor doing business with all of them and in particular the prime minister.

i'd like to introduce him now t say a few words, mr. prime minister, please take it away. prime minister starmer: thank you, mr. president, donald. this is a really fantastic, historic day which we can announce this deal between our two great coun i think it's a real tribute to the history that we have of working so closely together. can i pay tribute, donald, to your negotiating team as well, particularly howard and jamison they've done an incredible job, a very professional job, and my team as well. the two negotiating teams have worked a number of weeks to bring this deal today this. will boost trade between and across our co it's going to not only protect jobs but create jobs. opening market access. and as you say, donald, the timing couldn't be more apt

because not only was it 80 years ago today that victory came for after -- at the end of the second world war, but of course on that day, the u.k. and the u.s. stood together as the closest of allies. and donald, i think even down to the hour you may or may not know, it was about this time of day, exactly 80 years ago, that winston churchill announced victory in that led to great celebrations across europe, across america. particularly in the united king literally people going out in the street. putting bunting up. going up to the palace. so to be able to announce this great deal, on the same day, 80 years forward, almost to the same hour, and as we were 80 years ago, with the u.k. and the u.s. standing side-by-side, i think

is incredibly important and makes this truly historic. that close relationship has endured over those 80 years. as you know, donald, when it comes to defense and security and intelligence sharing of course, there are no two countries that are closer than our two countries. now we take this into new and important territory by adding trade and the economy to the closeness of our relationship. it is built as you say on those notions of fairness, reciprocal arrangements, we have always ha a fair and balanced arrangement between our countries. this builds on that. hugely important for sectors like car manufacturing and for steel and aluminum and so many others. and yes, we can finish ironing out some of the details but there's a fantastic platform here including of course on the tech side where i think i'd like to say we're the only two western

countries with trillion dollar sectors when it comes to tech. and in the end it comes down to as you say, donald, incoming security is national security. we've been closest of allies fo so many years. keeping the peace through that close alliance tha now we add to that this deal on trade and the economy. and i want to thank you for your leadership on that, donald, and for the way in which your team have negotiated this, i'm so pleased that we have got this d. we've finalized it and we've built an incredible platform fo thank you so much. i'm now going to go to a press conference, i think you have your press in with you, but on the details, i think if you've got howard, we can deal with that through one

of my team. pres. trump: that's mr. prime minister, thank you very much. it's an honor, we're going to have a continued, mayb relationship than ever before. i don't know if the media knows, but the u.s. and u.k. have been working for years to try and make a deal. and it never quite got there. it did with this prime minister. so i want to just congratulate you. prime minister starmer: wi this president and prime minister we achieved what many have tried to achieve for many i'm really pleased. it feels completely historic and on a special 80th anniversary as wel donald, thank you so much. it's really really good to have got this deal over the line, tribute to both teams, tribute to our countries, and tribute to your leadership. pres. trump: it really is a great thing. and you go do your press conference and i'll see you soon, maybe speak to you later. thank you very much. an incredible thing.

i can tell you that, for so many years, even as i said, everybody talked and talked about a deal, it seemed like a natural deal but it was not done. now it was done with us. so i feel very proud to have been part of it. keir, thank you very much. prime minister starmer: thank, donald, we'll speak again soon. [applau pres. trump: why don't i do thi why don't i have our secretary of commerce, howard lutnick, give a little description of th deal really quick. then the good side, the very nice side, we'll be talking about it also, it's just been a deal that was, we thought, very complicated. it became very simple. it's opening up the country that we really didn't have the kind access to that i would have tho i was surprised. i think that's why the deal never got done bef they'd been working on this dea for 25 years. and we got it don

got it done, it's going to be great for both countries. if you could go and then somebody else, you may have -- pick whoever yo who'd like to do it, i have a feeling you're going to do it. you guys go ahead. then we'll take questions after that. i think you'll get a pretty good understand of how big it is. it's a very large deal, very bi howard, go ahead. mr. lutnick: the u.k. is the sixth largest economy in the world and the fourth largest that we export to. so it's a huge market, a top 10. if you remember, at liberation they were at 10%. because we have balanced trade with the u. they say they have a surplus bu of course that counts gold bullion which is -- so let's just call it balanced trade. how do you open up a market in balanced trade?

people think it's impossible. they've always thought it was i until president trump came on the scene and changed the way things work. so here's what we've got. we've opened up new all the agricultural products. they have agreed to open their markets and that will add $5 billion of opportunity to american exporters. so the question is, why would they do that now, because they've never done it before? and we still have a 10% tariff on which will produce $6 billion of revenue for the united states. so the idea was, how do they keep their jobs, protect their economy, and do the best for their people, while opening th market for us? and the way is they studied it. their team was and they tried to figure out th markets that they're importing from other people and try to send them over to america. so why were they always favoring others and not us? what they've done is found ways to do that so that we have new access, right, but the u.k. workers are protec

that was the balance. so you've got -- we did a deal with them on automobiles. you know if you're not building here we charge you 25% tariffs. but the president -- i want to make this clear, while jamison and i worked hard, this was the president's deal. people think oh, that's not the way it works. if you don't think so, i had the best deal maker to my left if you don't think we took advantage of him calling the prime minister and getting the deal done you don't understand who is the president of the united states. he's the closer. he gets deals done we could never get done because he understands business, he understands deals and that's wh we are here today. he agreed they could send 100,000 cars into america and only pay a 10%. and that protects their car industry, and, remember, we do 16 million cars a year.

so this is only like 6%. but in the u.k. auto people thi is tens of thousands of jobs that the president agreed that he would protect for them so he made that deal. right? then steel and aluminum. their steel business has been destroyed like everybody else's has been destroyed by people dumping steel into their markets. and british steel has announced it was closing down. so the british government as part of this deal british steel and they're going to match the kinds of models we. they'll put tariffs on, they'll put quotas on. they want to do it with america so they can be part of the resurgence of steel and aluminum in america. that saves them again thousands and thousands of jobs. so if you go step by ste commercial planes, they steel rolls-royce engines to boeing. we have agreed to let rolls

royce engines and those kind of plane parts to come over tariff and what you're going to hear today is there's going to be an announcement in the u.k. that they are buying $10 billion worth of boeing planes later today but i'm going to let th name of the airline announce it because that's theirs to do it. but part of this deal was alway to do it together. and to do it you can see the numbers on this everything about this boar works exceptionally well for the united states of america. it lays out the plan that you can work with us in autos. work with us in aero and commercial. work with us in pharmaceuticals, if you have a supply chain that's secure and protected in nationa we feel really good about the d. you've heard the prime minister. he feels really good about the deal. we started at 10% and we ended at 10% and the market for america is better and this is a example of why donald trump produced liberation day. people don't understand, he gets thing. in a matter of time, this would

have taken jamison and i three years, maybe, and instead we got it done in 45 days certainly because we work for donald trum so jamison, my partner in all this, maybe you'd like to talk little and then turn it over to the u.k. jamison: sure, happy to do that. everyone has great remarks, i have to echo the president and prime minister. we talked about v.e. day, this is something we've been waitin for decades and there's no more appropriate day to do us this md

thank you very much indeed also for that very typical 11th hour intervention by you with your phone call to the president demanding even more out of this deal than any of us expected. so thank you for that. the prime minister was delighted, obviously, to take that call. late at night. but you took it to another level. i think the point i would make is, is two-f one is that if we're going to rebalance and rebuild international trade, in a way

that serves all our interests, then we're better doing that together than separately and ap and that's what we're on a mission to do. secondly, you've done what you said you would do you said to the prime minister, when he came and we visited in the oval, that you would do a good trade deal with the united that you would do it at pace. and that we would be first. you have delivered that. you've been true to your word. so thank you very much indeed for that. for us, it's not the end, it's the sort of just the beginning. there's yet more we can do in reducing tariffs and trade barriers so as to open up our markets to each other even more than we are agreeing to do toda

but it also provides us with the platform, the springboard, to do what i think will be even more valuable for both our countries in the future and that's creating a technology partnership between the united states and the united kingdom, so that we can harness science and technology in order to create future industries and future jobs and to do that together in the way we work so closely already in the national security and defense area, we can just take that to yet further areas of science, enterprise and endeavors. we are looking forward to doing that not coming months. you've launched us extremely well toda it just -- in my view, as the prime minister has said, just shows what two countries who trust each other, who are

confident in each other, and ar with each other, can do not jus for ourselves, but for those, the rest of the world who need to benefit from a bigger and better international trading sy pres. trump: thank you very muc. that was beautifully stated. what a beautiful accent too. [l i'd like to have that accent. thank you. >> my mother would b pres. trump: thank you very muc any questions? reporter: can i ask, why britain and why now? and you described this deal as full and comprehensive deal, ye we have just heard him say end of the beginning. clearly there's more work still to do. with respect, are you overstating the reach and significance of this deal because you're a president who needs a result at a difficult t pres. trump: i think that it's great deal for both parties. for us, we're opened up. i didn't know how closed it wase closed, the market, as you know,

the u.k. it opens up a tremendous market for us. and it works out very well. very well. and a lot of assets. you see the charts. those are tremendous assets. you have been trying, when you why us, meaning your country, we've been trying for years and they've been try for years to make a deal including when i wa in the first term. it would always be, people talking but they weren't getting it done. but for 25 years before that, they were trying always to make a deal. a very significant deal i actually until i looked at th numbers i didn't realize. this is a very conclusive deal. but we think we can grow even i but this is a maxed out deal. not like you said it, you said it really incorrectly. this is a maxed out deal we're going to make bigger. and we make it bigger through growth. but we have tremendous assets involved i was surprised to see how big your country is in trade actual one of the biggest in technolog and so many other things. it's -- agriculture. i really didn't

depending on your definition it's from four to five to six. that's pretty big in the world. so i was very impressed by that but we're going to take it to new levels. it's a very big deal right now. but i think it is going to grow just of its own volition it's going to grow. over time there'll be changes m there'll be adjustments made because we're flexible, we'll see things that we can do even but it's very conclusive. and we think everyone is going to be h and the people of your country are going to be very impressed with the result. they'll be able to buy from more people. they'll be able to price things differently. they'll be able to get some products that aren't available to them now that we make better anybody in the world. and it's just something that, it's a great thing that it came togeth. it's so nice because we have --

many countries want to make a d many countries are very unhappy that we happen to choose this one, to be honest with you. but longtime, our oldest ally or just about. a couple of people claim that too. but let's put it right at the top. i think it's going to be something very special for u.k. and special for the united stat reporter: mr. president. how close are you to more deals and when do you expect the next to be announced? pres. trump: very we have numerous deals. i know howard is going back as soon as this is finished, the press conference, he's got numerous -- and scott, who's over here, who is fantastic, by the way. you were great on television th i watched you. gave them a little lesson in the world and but scott is going to be going to switzerland, meeting with china, and you know, they very much want to make a deal. we can

all play games, who made the first call, who didn't -- doesn't matter. only matters what happens in that room. i will tell you that china ver much wants to make a deal. we'll see how that works out. every country throughout the last 40, 50 years has literally ripped off the united states on trade, on military, on protection, on all the different things. we are now making fair deals and in this case it's great becaus we really weren't very much inv you had the european union whic is, i think you made the right decision years ago. i don't know if you remember, was opening up in turnberry the day you were voting. i was asked will it happen, will it not happen? i said i think they'll go their own separate w i think it's going to end up being a very smart decision. a big part of that decision was always that you'd be able to make a deal with the united sta they were unable to do that but now they made it. and it's a tremendous, you know, very impo that was always a big part o

your decision on brexit and they were never able to make that deal. it's a tough one. this one went quickly and smoot a lot of common sense and mak your country much bigger in terms of trade and our country much bigger too. reporter: thank you, mr. president. bbc. [indis] president trump: you're with who? reporter: the bbc. president trump: oh, good. reporter: are you calling on the u.k. to accept all american beef and chicken products? president trump: i think they'll take what they want. we have every type. we have every

classification you could have. as you know, bobby kennedy is doing a tremendous job and i think he is headed towards your system with no chemical, no this, no that. i think we're heading that way. it seems to me but we have that also. we are a very big country. we have a lot of beef. we're a very big country. it will be great. >> let's talk about america beef really quickly and it can't be understated. i'm brooke rollins, by the way, and how how important this deal is and what it means to america farmers and ranchers. this is going to increase our beef exports and to be very clear, american beef is the safest, best quality and the crown jewel of american agriculture for the. so i think a really important part of this deal isn't just the ethanol reducing on tariffs to zero, but also for beef. i know

our incredible trade team is looking at the produce and our agriculture exports. and i don't know if there is an industry that has been treate more unfairly and has suffered more than our agriculture industry. but we look forward to -- i will be in the u.k. talking to the counterpart over there and look forward to moving it across the country. president trump: we have the best in the best tractors, best everything in the world and they say ou agriculture is second to none, understand. and it will be a great asset. people will be able to have options, choice, and they will have more of it and means lower reporter: italian tv -- [indisc are we going to see big revenue it's victory day. but other european countries, seems like -- president trump: we intend to

make a deal with europe. we have found that the european union treated us extremely infairly and very difficult. we will be dealing with them curre that will cover pretty much the rest of it. but this was separate because of brexit. this was a separate deal. it always seemed so natural. all the media would say why didn't this happen for 25 years and why didn't it happen a long time ago and it was amazing to me and somebody says we have to make a deal. but this deal fell into place. the prime minister did a fantastic job. they got along well and seemed to work. and i think one of the reasons is we blew up the whole system and dealing with you separately country by country. we blew up the whole system and unfair to the united states. because of this that this worked -- and i think because of, that

this worked out so nicely and i'm honored that it was the first deal. please. reporter: great detail because -- [indiscernible] [laughter] pres. trump: well, are going to have a discussion on that separately, and, as you know, we are putting tariffs on that, the movie makers, and doing some tariffs to get them, because a lot of them have left this country. they don't live here and the money comes from here. money comes from here but they make them in other countries and bring them back to a large extent. james bond has nothing to worry about it.

relationship, and i got along with president xi and that was disturbed by covid when covid came in and we get along well. and a lot of countries when covid came in. we are going to have a good relationship. and very friendly meeting and look forward to doing it in an elegant way. china has a tremendous trade surplus with us, and we can't have that. but i think it's going to be good for both countries and see china opened. one of the big things here, the u.k. was largely closed, very much closed to trade and now it's opened. and a lot of the financial reporters are happy about that , because i listened to them. i hope they get countries opened

up. but you can't compete when you are not allowed to go there. china would be the number one example of that. it's very closed. we almost had it last time before covid, and that didn't work out, but we made a great deal by china. $50 billion of our food products and doing well with our farmers, and when biden came in, didn't do anything. nothing to. that was a great deal. but i think we are going to have a good weekend with china. they have a lot to gain. i do think they have far more to gain than we do, in a sense, but i think we are going to have a good weekend. >> are you going to talk to xi? pres. trump: i might, sure. depending what scott says. scott is doing certain countries and howard is doing certain

countries. i wish i had two more of each , because then we could do them all at one time. [laughter] there will be a time. i think i can say, we are going to say, we understand the countries and what they want, we are going to make the deal. in other words, we don't need the country involvement, because we already had it, and we will say this particular country which had big surpluses and therefore deficits, that this particular country is going to pay a 25% or 30% or 50% or 10%. or whatever it may be. i think we hud explain it, one of the things we did here that we rarely do is on cars. we took it from 25% to 10% on rolls royce, because rolls royce isn't going to be built here. i wouldn't ask them to do that, because it's a special car and limited number, too. not one of the monster car

companies that makes millions of cars. they make a very small number of cars that are super luxury and includes bentley and jaguar. so we have some very special cars. in order to help that industry -- and that is hand made stuff , and they have been doing it for a long time, same location and i said, yeah, let's help them out. but that's different than a car company that comes out and makes millions of cars. we will still be doing it in our country. we have many, many factories, car plants being built or going to be built very soon. i think we can say we will be close to $10 trillion of investment. i think we are actually at that number now, if you add up some of the numbers we haven't heard about it. we have some going up right now, we have plants going up, and they do it because of the tariffs. tariffs have been used against us.

i never understood, i used to sit back, you know, china paid hundreds of billions of tariffs when i wasn't. until then, china never paid anything, and they did a big number on us from the standpoint of trade. but we are using tariffs for our benefit. and we have now close to $10 trillion, if you look at the past administration -- and we are talking about two months, you could say three, but it took a little while to get the office in perfect shape. it took a little while to get things done. but once we started, close to $10 trillion investment. you have had years where the united states wouldn't do $1 trillion in a year. wouldn't do anywhere year $1 trillion. we have done $10 trillion in two months. it's amazing what is happening. that has to do with chips and cars.

we used to make chips with intel. we had a monopoly on chips. and because the presidents didn't know what they were doing. they allowed that business to be stolen from us, and must of it moved to taiwan. you had a lot of the chip making capacity. if you want to move it to taiwan, that's good, but if you sell back in the united states, we put a 50% or 100% tariff, they would have never left. we had people sitting here who didn't understand it and too bad , but now we are saying it. i'm saying it 40 years too late , but they are coming back. we had the biggest chip makers in the world spending $300 billion and one case, $5 billion, same as apple and another case, $200 billion and we are going to have a large share, substantial share of the chip-making market. reporter: you said this weekend

is a friendly visit, but do you expect it to be a formality or , break the ice, or get into substantive negotiations? pres. trump: i believe is going to be substantive. we are meeting. what are we going to do talk about meeting again. very substantive. china wants to do something. they have to at this point. you know, essentially, they made $1 trillion a year, and now they have absolutely no business because of the tariffs. no business and they want to have business, and we want them to have business and we want them to do well, very well. i think it's going to be very substantive. reporter: because business has slowed down, as you mentioned, we are seeing as a result the ports here in the u.s., the

traffic has slowed and now thousands of dock workers and truck drivers are worried about their jobs. pres. trump: that means we lose less money. china was over $1 trillion. different numbers from $500 billion to $1 trillion. i think it was $1.1 trillion. we would have been better off. you understand that. when you are saying it slowed down. that's a good thing, not a bad thing. i would like to say they could do better in terms of the bottom line and see china opened up, so we can compete in china and give people something they never had, access to something. it would be great for the world and businesses and for friendship. a lot of people think i a am militant guy. i'm really not. i think trade can bring a greater friendship with china and can be something good. and scott has talked about high on the list, open up and let our

businesses go into china, because when you talk about a closed country, that is a really closed country. and i think it would be great if it was open up and would create a lot of jobs and a lot of everything. i think it will be a great thing for china. that is one of the things we will be discussing, like we discussed with u.k. [indiscernible] >> mr. president, what would you place 10% on? pres. trump: i think that's set, because it has to do with a lot of different things. a lot of past things -- this is very inclusive. we included everything and very well set. reporter: 10% template, is that a base for future trade deals? pres. trump: no, no. that's a low number. they made a good deal. some will be much higher because they had trade surpluses.

one thing with u.k., they had somewhat closed, not like china, but they always treated us with great respect. the template of 10% is probably the lowest, and therefore they made that deal. but we have had a special relationship with them. i won't do that deal with cars , i mean, unless someone shows me there is a comparable -- this is a good commercial for rolls royce. [laughter] [indiscernible] pres. trump: well, the last time -- >> i would happy to suggest a discount, modest discount. [laughter] pres. trump: you know, the last

time that happened, i ended up buying a tesla. go ahead. [indiscernible] reporter: i had a question about the u.k. bill and part of the agreement would depend on freedom of speech and religion. i know you talked about that earlier this year. was there any assurancees that scored on that front? pres. trump: do you want to handle that? sec. lutnick: yeah. our conversation was an economic conversation from start to finish closed by the president yesterday. this was a business deal. open their markets and also protect their workers, grow owrl ur markets. pres. trump: this is about business religion. [laughter] not nearly as important.

reporter: mr. president, would you be asking china to help you close the gap between ukraine and russia? pres. trump: it's a natural thing to ask. i think we are making good progress. i think if we weren't involved, russia would be going at it to maybe get the whole thing, and without our involvement, they would be able to get it. we supplied a lot. but we have been paid back. the rare earths. i think that we will be very much involved in trying to get that blood bath. it is a blood bath. it's a horrible situation. 5000 -- it's really more than that. but it's 5000 soldiers on average a week, mostly soldiers being killed. young, beautiful people. they are being killed. i see satellite and body parts, lying all over, heads and arms. it's so terrible. i never seen anything like that. if we can get that stopped, and

that would be a great accomplishment. i think we are close. and mr. witkoff is talking back and forth. he has gotten a real professional and great relationship with both countries , and we have a good chance and we are trying to work on iran to get that solved without getting into any bombing. i don't want to do that. i want them to be very successful. reporter: on the non-market barriers, how did you get the u.k. to bend, and what was the 11th hour deal or ask? pres. trump: so many good things so good for them and so good for the country. we had nonmarket or nonmonetary trade barriers. some countries have virtually no tariff, but the rest of it is so brutal.

you can't do business with them, right? so it's a very important question. i think the overall deal just worked out well from their standpoint. they were willing to give that in order to get to other things, and you may want to speak to that, mr. ambassador. >> the point about the deal is we will continue reducing tariffs and nontariff barriers. the point about this deal is that it provides a very good template and very good launch pad for what we can continue to do and build on in the future, and that's what we are both determined to do. >> [indiscernible]

pres. trump: how about just one more little thing? it was handled very well from the other side. many of these things we are -- we have been talking about this for 25 years. it's hard to explain if you weren't sitting behind this beautiful resolute desk. i have been hearing about making a deal with u.k. for 25 years and especially around the time of brexit and wanted to make a time and how natural and it just couldn't be done, couldn't be done, good people. this is a much stronger deal for both of us that we ever contemplated before, it's a big deal.

amb. mandelson: virtually everyone said it would and ended in exactly the opposite. mr. president, can i say that is due to -- [indiscernible] yesterday i received a call, a very diplomatic call that etched edged your new ambassador. things over and that was from your new ambassador. he is here. pres. trump: where is warren? amb. mandelson: he is flying to london tomorrow night and will be popular with the british people and successful ambassador. [indiscernible chatter] >> are you planning to -- [indiscernible] are you planning to meet ursula

von der leyen? pres. trump: she is so fantastic. she is so fantastic. the answer is yes. actually i saw her a few days ago, and i think that we will -- the european union want to make a deal. everybody wants to make a deal with the united states, and we are doing that. we are going to make trade deals, and i'm honored this was the first one. >> the federal reserve chairman said that you would have to call him for a meeting. what do you -- pres. trump: it is like talking to a wall. bank of england cut, china cut, cut, everybody's cutting but him. i don't know. we'll see what happens. it's a shame. i called him too late powell. it's a shame, it's ridiculous.

so meeting, he is always too late. but in this case, it's not going to manage that much, because our country is so strong, we are so powerful in terms of economic strength and what we have done. tell you what, if we didn't have our first term, we created things in the first term and cut more regulations than any president in history and cut the taxes than anybody in history . a factor is the one big beautiful bill. biggest tax cuts ever in history, bigger than the first time and the incentives even great for the u.k. it will make us so strong that we will be doing business with you. regulation cuts. that bill -- i believe it's the biggest bill of its kind in the history of this country. and speaker johnson and leader

thune have done an incredible job. i will let you know. we have to get a vote. but we have a lot of support for that bill. and if that happens on top of all of these trade deals that we're doing, this country will hit a point that you better go out and buy stock now. let me tell you. this country will be like a rocket ship that goes straight up. this is going to be numbers nobody has ever seen before. that is a very important element to all of this. and the democrats are fighting it only because they want to fight. they have trump derangement syndrome. if it was somebody else, they would not fight. i'm stiff sitting behind here. but they have trump derangement syndrome. [laughter] senator schumer has become a palestinian. i don't know when they are going to give him the ceremony. whatever his ceremony may be. it is terrible what's happened to the democrats.

so, very, very important element of everything of what we're doing unrelated to today, but related in the sense if that passes, we'll do more business with the u.k. it is the biggest tax cut in history. it is going to make our country zoom. it's going to be incentive with the deduction basically for work, you work, you build, you plan, it's going to be the biggest bill of its ever passed kind ever passed, maybe the biggest bill ever passed and that is why we call it the one big beautiful bill. reporter: just announced new nominee for surgeon general and not a practicing physician and why did you pick her? pres. trump: bobby thinks she is fantastic and brilliant woman who went through stanford and basically she wanted to be an academic as opposed to a surgeon

. she graduated first in her class at stanford, and bobby thought she was great. i don't know her. i listened to the recommendation of bobby. i met her yesterday and once before and very outstanding and great academic. i think she'll be great. reporter: your nominee for attorney of d.c. do you have a back-up nominee? pres. trump: i do, but he is a terrific person. he wasn't getting the support -- he has done a very good job . crime is down 25% in d.c. i am disappointed in that, but i have so many things i am doing with the trade. i'm one person. i can only lift that little phone so many times in a day. but we have somebody else that will be great. i just want to say ed is unbelievable, and hopefully we can bring him into d.o.j. in

or whatever in some capacity. he is great. it was disappointing. i was disappointed. a lot of people were disappointed. but that's the way it works sometimes. that's the way it works. he wasn't rejected, but we felt it would be hard, and we have somebody else we will be announcing over the next two days who will be great. >> with companies like ford saying they are going to be raising prices on certain products, how long will the american people be patient? pres. trump: i think they are trying to negotiate deals with me. tariffs is the most misunderstood. anywhere in business. often times the company picks it up. the people don't pick it up. if ford did that, they wouldn't sell any cars.

mattel, i'm not so sure, they are the only one who said we are going to go counter and go someplace. that's ok. and put 100% tariff on toys and won't sell one toy in the united states. i heard that. and one guy said i'm going to go counter, and i said, i would not want to have him in an executive role. the ford people are negotiating with us. but we don't think that's going to happen. i put out a truth today that said gasoline is down, energy is down, groceries are down, eggs. eggs are down. when i came in, the first week you guys hit me with eggs. i said what the hell happened with eggs, 170%, and they said said don't order for easter and thought about ordering plastic

eggs. and brook did a fantastic job -- agriculture. and we had hundreds of thousands of eggs out here on the lawn and look at the cost. energy's down. even interest rates are down. now if the chairman of the fed, jerome, if he would lower interest rates like china did, like i think u.k. did, but like numerous other countries. it is like jet fuel, but he doesn't want to do it. he doesn't want to do it because probably because he is not in love with me. it's a crazy reason but that's the way life is. anybody in his position -- it would be like jet fuel. even without that, we are doing well. but remember this. i have watched you people reporting over the last few months, if we do this, prices will go through -- well, groceries are down, all of this stuff is down.

lumber is down. oil is, i think, broke $60, $60 a barrel. $1.98 in some cases and heading in that direction. no, i think it's been amazing. what that does is it gives people more money and it gives them a better life. we came out of the worst inflation. they say 48 years, but biden screwed it up, he screwed up energy. he spent too much money. he was spending it on green new scam. see that beautiful window, take money and throw it out that window, because it's the same thing. he spent $10 trillion. he wasted it. not only was it bad, it was a negative. it wasn't even like it helped a little bit. it was a real negative. and then on top of it, they let 21 million into our country without any identification.

very sad. we'll do one or two more. >> $1.99 gas. [indiscernible] >> how concerned are you about u.k.'s -- pres. trump: we are not concerned. honestly i'm not concerned about , anything. if i was, i would not be here. if i was concerned about anything, it wouldn't be that, i wouldn't be here right now. i believe we are going to have a good relationship with china and fair relationship and it will grow. as an example, if they open up the country, that will be the best thing china did for itself. they don't know that yet because it has been a different system. but that will be the greatest thing china will have done. the people will be happier. they'll see things they never saw before and be buying them.

and it will create great, long-term peace. >> [indiscernible] the tpp, has that been addressed? pres. trump: go ahead. mr. greer: i would just say it's very clear one of the terms we are going to discuss all these types of issues. and follow the rules. our point is the rules need to make sure they are based on science in the u.k. and what becomes a accommodation and americans. [indiscernible] pres. trump: great product.

sec. rollins: opening up the market is unprecedented for these farmers. stock market has rallied back. pres. trump: they said this is all a pipe dream. this is tough one. this is much tougher than any other deal. because they have been at it for many years, decades, trying to make this deal and very conclusive and it's a big deal. and this is the beginning. we are going to be having conferences, or we'll put out a statement that we just signed with that country. after a number of these are done, nobody has enough and put , out x country is going to pay this and if they open up, they will do this and that. this is where they are going to be shopping. because we have the consumer and the consumer like nobody else. if this country went bad, the whole world would go bad.

but we really saved it from going bad. yeah. >> speaking of the control issue are you looking at getting new , software? pres. trump: i'm glad you asked about that. i'm going to be talking to the heads of the airlines. i was all set before we had the rigged election to give out a brand-new gorgeous system who was going to do it all. three or four of them do it and when they took over, pete buttigieg, who has no clue, and his husband is in the back with a nice, loving relationship he didn't have a clue. this guy didn't have a clue and contender between him and crockett, you can have that. but he didn't know what he was doing. and he took what they call dry systems systems where you have

, wires in the in the air, and open air systems and you have satellites. and you can't mesh that. anybody would know that if you went through two months in school. and he did. them spent tens of billions of dollars trying to take old , broken equipment and merging it into existing new equipment with brand-new equipment. i think they spent like $40 billion, and what they did is they made it worse, because it doesn't work together. you can't make it work together. we have a satellite system that needs satellite. if you don't, they have these different technologies, some of them 50 years old, to mesh them and they tried in. they ended up spending twice the money. they could have bought a whole new system.

and very good guy, sean duffy, who is head of transportation . i gave him a 10-minute lesson in buying, and we are in the market to buy a gorgeous brand new system. the helicopter that crashed into the plane at 400 feet. all sorts of bells and whistles and sirens should have been going off if they had the right equipment. and the new equipment is unbelievable, what it does. i was going to say something, in my opinion, you always need pilots. i want pilots. but you wouldn't have to pilots. but we have a system that is obsolete, and what they did is the worst. they tried to combine the old stuff with the new stuff and you can't combine it. anybody should have known. you think biden figured this out? i don't think so. you think he has any clue. he doesn't know what the heck is happening. here's what we are going to be doing, we are going to be buying

a brand-new, state-of-the-art system that will cover the entire world. i will give you an example, when my pilot, military pilots but prior to that, great pilots and they would use the system of another country and wouldn't even use the testimony of the united states. so if i am landing in new york, california, or tennessee, they are using another system. i said why is that, and they are saying our system doesn't work, sir. look you have a raytheon and numerous companies that would do it, like an i.b.m. you give out one deal, one contract. they gave out hundreds of contractors. they had diggers and people who focused on satellites and hundreds of different contracts. one contract where one guy is controlling everything.

you need a trench and they dig a trench. but if you don't dig the trench, they don't blame you. what happens is then they say we want a cost over. we have it all set. we would have done it accept the election took a really strange

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